We are excited to announce that we have officially begun the application and selection process for our next session of the elmspring accelerator, elmspring 2017. The chosen startups will begin the session this summer after an official launch on June 26th.
For those that may not be familiar with us, we are an accelerator for startups with game-changing ideas geared toward real estate and related industries. We were founded in 2013 by real estate entrepreneurs and are proud to be the first seed-stage technology accelerator in the country to focus solely on real estate. Our intensive program is four months in duration, and it offers seed capital, access to elmspring’s network of mentors and strategic partners, office space at 1871 Chicago and other professional resources to participants. The program culminates with a Rush event where the startups meet and demonstrate their products for serious investors.
Prior our last Rush event held in October, elmspring 2016 startups closed on $3.3 million in funding. After the Rush event, four companies have received term sheets of $1M or more. Most recently, ParqEx, a private parking marketplace enabling non-commercial parking owners to rent their underutilized parking spots, closed on $1.2 million in funding and announced adding another market in Milwaukee soon. The efforts of last session’s startups also helped us garner a 2016 Chicago Real Estate Housing Innovation Award from the Home Builders Association of Greater Chicago.
We welcome marketable and truly innovative ideas related to real estate. The following are some of the areas we have special interest in:
- Brokerage (commercial and residential)
- Smart Home Automation
- College Housing
- Place and Space Making
- Smart Office
- Elder Care Housing Solutions
- Block Chain solutions
If you are an interested startup, visit our Home page for a direct link to the application. And if you know of a qualified startup who might benefit from taking part in elmspring 2017, please pass the word or share this blog. You may also contact us with any questions at email@example.com.
We look forward to the next session of innovation!